vietnam business news

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Ford is handing control of its India business to Mahindra

Ford is beating a partial retreat from India's large but struggling car market.

 

Retail sales rise on strong consumer demand

Total revenue from retail trade and services in the first nine months of this year reached VND3.6 quadrillion (US$156.5 billion), 11.6 per cent over the same period last year.

Int’l economists optimistic of Vietnam’s GDP growth

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.

 

BUSINESS NEWS OCTOBER 2

World Bank project to strengthen banking sector’s soundness

 

Sharp Vietnam denounces Asanzo to investigative police

Sharp Electronics Vietnam has sent a letter of denunciation to investigators of the Ministry of Public Security, denouncing local electronics firm Asanzo for using falsified documents to prove its business ties with a Sharp subsidiary.

 

China's economic slowdown: How bad is it?

China's economy has been slowing for the better part of the past decade, but a recent run of poor data has prompted fresh concerns. What is making investors nervous, and how China has responded?

 

VW rejects judge's plea to settle German diesel case

VW has rejected a judge's plea to settle a mass lawsuit in Germany over the diesel emissions scandal.

 

Foreign investors keen on Vietnam’s fintech market: Banker

Many foreign investors are interested in investing in Vietnam’s fintech market that have huge growth potential, said Han Ngoc Vu, general director of VIB International Commercial Bank, at Fintech Summit 2019 held in Hanoi recently.

 

E-commerce logistics war looms in Vietnam

E-commerce firms not only are spending big money to run marketing campaigns to lure more customers, but are also expanding their warehouse networks and logistics services.

Japan delivers long-delayed consumption tax hike

Japan has increased its consumption tax for the first time in five years, bringing the long-delayed policy into effect despite concerns it may knock the economy.

 

Vietnam’s IT industry catches foreign investors’ attention

From growing e-commerce, online gaming, travel booking, and offline-to-online platforms such as ride-hailing and food delivery, Vietnam’s digital economy continues to thrive.

 

Vietnam’s economic growth poised to outperform Southeast Asia: ICAEW

While Vietnam’s economic growth is expected to ease to 6.7% in 2019, it is set to outperform the rest of Southeast Asia and remain the fastest growing economy in the region.

 

BUSINESS NEWS OCTOBER 1

Retail sales and service revenue hit roughly US$156.09 billion in nine months

 

Vietnam should promote local brands globally

VNS reporter Nguyen Minh Huong asks trade experts about the importance of branding in Vietnam during the announcement of the top 50 most valuable brands in the country.

Vietnam remains frontier market: FTSE Russell

Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Viet Nam on its watch list as a frontier market.

 

Vietnam's social-economic performance in first 9 months of 2019

Industrial production expanded 9.6% in January-September period this year, according to the General Statistics Office.

Vietnam enters home stretch in fight against dollarisation

From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports.

Vietnam stocks to beat 1,000 points in Q4

Vietnam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

 

Vietnam’s insurance sector catches foreign attention

The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

 

Vietnam's GDP in first three quarters climbs to 9-year high

Local gross domestic product (GDP) climbed nearly 7 per cent in the first three quarters of 2019, reaching its highest level for the last nine years.